Oxbridge Re Holdings Limited (NASDAQ:OXBR) Short Interest Down 16.6% in April

Oxbridge Re Holdings Limited (NASDAQ:OXBRGet Rating) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 14,600 shares, a drop of 16.6% from the April 15th total of 17,500 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 49,100 shares, the short-interest ratio is currently 0.3 days.

Separately, StockNews.com initiated coverage on Oxbridge Re in a research note on Monday. They issued a “hold” rating on the stock.

Several hedge funds have recently added to or reduced their stakes in OXBR. Dorsey Wright & Associates purchased a new position in shares of Oxbridge Re during the 1st quarter worth about $41,000. State Street Corp acquired a new position in shares of Oxbridge Re during the fourth quarter worth $83,000. Morgan Stanley purchased a new position in Oxbridge Re in the 3rd quarter valued at about $44,000. Renaissance Technologies LLC raised its position in shares of Oxbridge Re by 73.4% in the 4th quarter. Renaissance Technologies LLC now owns 30,000 shares of the insurance provider’s stock valued at $169,000 after purchasing an additional 12,700 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Oxbridge Re in the 4th quarter valued at about $174,000. Institutional investors and hedge funds own 17.67% of the company’s stock.

NASDAQ:OXBR opened at $4.85 on Tuesday. The stock’s 50 day moving average price is $5.49 and its 200 day moving average price is $5.34. Oxbridge Re has a 52-week low of $2.00 and a 52-week high of $7.13. The company has a market capitalization of $28.03 million, a PE ratio of 3.42 and a beta of 0.74.

Oxbridge Re (NASDAQ:OXBRGet Rating) last issued its earnings results on Wednesday, March 30th. The insurance provider reported $0.27 earnings per share for the quarter. Oxbridge Re had a net margin of 83.77% and a return on equity of 57.64%. The business had revenue of $2.07 million for the quarter.

Oxbridge Re Company Profile (Get Rating)

Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. It underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. The company distributes its products and solutions through reinsurance brokers.

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